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A consortium led by Centrica has bought the supply division of Bord Gáis for
€1.1 billion.

The owner of British Gas intends to replicate its integrated model of owning
power stations and a supply business in the Republic of Ireland, which
offers better growth prospects than Britain.

Bord Gáis boasts 56 per cent of the gas supply market in Ireland, with 650,000
domestic customers and 30,000 business clients. In addition, Centrica is
buying the utility’s 445 megawatt gas plant at Cork.

The two private equity groups also involved in the consortium will buy Bord
Gáis’s business in Northern Ireland and